See how Singapore compares to Hong Kong, Sydney and Tokyo for data centre investment in this JLL chart.
The Asia Pacific data centre market is growing year on year, with primary markets now established in Sydney, Hong Kong, Toyko and Singapore.
According to a report published by investment specialists JLL, the demand for data storage is so high that Asia Pacific revenue for shared or colo data centres will overtake the US and make up 40 per cent of the world’s global share by 2020.
All four cities are seeing demand for data centre and cloud services skyrocket. Like elsewhere across the globe, demographic shifts and ballooning internet and social media use are driving demand, with the uptake of IoT devices and applications in the coming years only set to compound the need for more infrastructure.
It is no surprise to see Singapore leading the charge out of the four primary markets. As Shabir Momin wrote in The Stack last week, Singapore is fertile ground for technological innovation, and most of this innovation now relies on the brick and mortar foundation of data centres.
Singapore means business, and data centres have become a core component for businesses of all stripes.
“As the cloud market matures, organisations need to establish their infrastructure capacity quickly in order to keep up,” says Bob Tan, Director of Alternatives, JLL Asia Pacific.
“We’re seeing more investors looking to enter or increase their exposure to the data centre sector as it offers diversification benefits and tends to have higher yields than traditional asset classes, such as office or retail, ” he added.
The Singapore data centre sector has developed at speed in concert with sophisticated services. The Stack is excited to see the next chapter in the country’s growth story.